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clasification of accounts
- 7 Answers
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Answer / swati
Accounts are classified into 3 types:
Nominal A/c : Debit all expenses and losses
Credit all incomes and gains.
Real A/c : Debit what comes in
Credit what goes out.
Personal A/c: Debit the receiver
Credit the giver.
| Is This Answer Correct ? | 20 Yes | 3 No |
Answer / swathi
accounts are divided into two types.those are personal
accounts and impersonal accounts.then impersonal accounts
are agin subdivided into two types,which are real accounts
and nominal accounts.
| Is This Answer Correct ? | 21 Yes | 9 No |
Answer / ramshy
accounts are classified into 3... real accounts,nominal
accounts,personal accounts
| Is This Answer Correct ? | 13 Yes | 4 No |
Answer / santosh b.com final
accounts are classified into two
1.pesonal accounts
2.impersonal accounts
1.personal accounts are again divided into two heads
1.conventional personal acounts
2.inconventional personal accounts
2.inpersonal accounts are again divided into two heads
1.real account
2.nominal accounts
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / naveengokarapu@gmail.com
Accounts are classified into 3 types:
1.PERSONAL ACCOUNTS DEBIT- THE GIVER
CREDIT THE RECEIVER
2.REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
3.NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / rohit kasana
1.REAL ACCOUNT 2.NOMINALACCOUNT 3.PERSONAL ACCOUNT
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / mk reddy
there are 3 types of account.such as
1.personnel account:-debit is the receiver and credit is the giver.
2.real account:-what come's in debit, and what goes out credit.
3.nominal account:-all expenses&losses debit,,and all incomes & gains are credit.
| Is This Answer Correct ? | 0 Yes | 0 No |
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